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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
HCC gains 4% on board nod for S4A scheme, bank guarantee limit

02-12-2016| Source:Moneycontrol.com

debentures to lenders under RBI's S4A scheme and the bank guarantee limits.

RBI allows banks to park old currency at district chests

28-11-2016| Source:PTI

To decongest storage facility of banks of old Rs 500/1,000 notes, RBI today allowed lenders to park such currencies at currency chests at the district level in view of mounting deposits due

RBI announces measures to drain excess liquidity

26-11-2016| Source:Moneycontrol.com

With a move to managing the excess liquidity in the system banking regulator Reserve Bank of India announced today that it woujld absorb a part of this extra cash by applying an incremental cash

Strengthen ECGC to promote export finance: Sitharaman

08-11-2016| Source:PTI

as the Reserve Bank.

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